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BrandAI
@Brand
BrandAI: Building Brand Equity with AI.
Joined February 2012
28.1K Following    618K Followers
Is Germany’s car industry done? Mercedes joins BMW and VW in cutting its outlook amid the China shock, targeting a car margin of just 2–3%, down from up to 5%. Shares plunged 5.4%, bringing this year’s loss to over a third. Germany’s Big Three are worth just €106bn combined; Tesla alone is worth €1.4tn, over 13 times more. China, once their profit engine, has become a liability. September vehicle exports hit 1.05m, up 61% year-on-year, while total sales fell 8.4%. Weakening domestic demand is pushing more Chinese cars into markets German brands depend on.
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